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Task 4) Cash Dividend (8 points) Beginning 2021, Korab Nutrition Corp. had dividends payable of US$ 225,000. During this year, the Board of Directors
Task 4) Cash Dividend (8 points) Beginning 2021, Korab Nutrition Corp. had dividends payable of US$ 225,000. During this year, the Board of Directors declared cash dividend of US$ 500,000. On December 31, 2021, the account dividends payable shows US$ 670,000. Instruction: (show your calculations and round to 2 decimal places) a) Determine the Amount of Cash Dividend paid during the year 2021 b) Enter the transaction for a) into the journal 0123 #5457 Date Account Titles Debit Credit
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